• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

WYZth Secures $950,000 for Web3 Development

user avatar

by Giorgi Kostiuk

a year ago

WYZth platform announced securing $950,000 from Victus Capital to develop its blockchain ecosystem. The funds will be used to improve infrastructure and support Web3 growth.

New Funding and Its Purpose

WYZth secured $950,000 through over-the-counter funding from Victus Capital. These funds will be utilized to expand the WYZth blockchain, enhance developer tools, and grow the team to accelerate Web3 adoption.

Growth of WYZth Ecosystem

The blockchain industry is rapidly evolving, and WYZth's focus on creating a developer-friendly environment positions it as a key player in the Web3 space. It has achieved over 80 million transactions and 65.6 million wallet addresses, showcasing the trust and growth of its ecosystem. Additionally, integration with Rabby Wallet facilitates easier access to the gasless blockchain ecosystem.

The funding comes at a time when interoperability and scalability are the most talked about topics in the crypto space. WYZth aims to lower barriers for developers and businesses entering the Web3 ecosystem.

Backing by Victus Capital

Victus Capital, known for supporting high-growth ventures, highlights its trust in the blockchain space despite challenges in other industries. Founded in 2021, WYZth aims to simplify blockchain adoption for the next generation of decentralized applications.

Victus Capital's investment underscores WYZth's significance in supporting Web3 and innovations in decentralized technologies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coinbase Stock Receives Bullish Outlook from Bernstein

chest

Bernstein has set a price target of $510 for Coinbase stock, indicating strong market optimism despite recent volatility.

user avatarBayarjavkhlan Ganbaatar

Circle Stock Gains Traction Amid Fed Rate Cut Hopes

chest

Circle stock has gained traction among investors, although it faced a slight decline on December 5, closing down 2%. The stock's performance has been boosted by sentiment over potential Fed rate cuts.

user avatarMohamed Farouk

Proactive Steps for NFT Traders Amid CRA Investigation

chest

Users are advised to take proactive measures to ensure compliance with tax regulations during the CRA's investigation.

user avatarZainab Kamara

Major Token Unlocks Worth Over 150M Set to Hit the Market Soon

chest

Several major crypto projects are set to unlock over 150 million tokens, potentially increasing market volatility.

user avatarKenji Takahashi

Institutional Interest in AI and Neurotech Convergence

chest

The Forbes article highlights that while it does not have a direct impact on markets, the convergence of AI and neurotech is attracting institutional interest.

user avatarDiego Alvarez

Neurotech Advances Led by Neuralink and Kernel

chest

A recent Forbes article explores the intersection of AI and brain computing, focusing on innovative companies like Neuralink and Kernel, led by Elon Musk and Bryan Johnson.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.